Wall Street
A Straightforward Explanation for Why Financial Giants Want to Issue a Spot Bitcoin ETF
Hint: It likely has to do with making money.
Crypto’s Path to Wall Street Could Get Easier With New Plumbing
The FIX Protocol has added support for the Digital Token Identifier (DTI) to simplify and standardize communication for trading digital assets.
BNY Mellon CEO Says the Bank Is Going 'Incredibly Slow' on Crypto
Robin Vince said the lender won't be as aggressive as other banks have been in trying to gain crypto deposits.
Bitcoin Volatility Holds Firm While VIX and MOVE Spike
The Bitcoin Volatility Index, which measures the implied or expected volatility over the next 30 days, has remained flat year to date, according to CryptoCompare data. Meanwhile, the Chicago Board Options Exchange's CBOE Volatility Index, or VIX, commonly referred to as Wall Street's fear gauge has jumped over the past three days to a 2023 high. Plus, the MOVE index, which measures volatility in U.S. Treasurys, has jumped to a one-month high, ending a four-month downtrend. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin, S&P 500 Near Bullish ‘Golden Cross’ Signal
Bitcoin (BTC) and Wall Street's benchmark equity index, the S&P 500, are on the verge of hitting the golden cross. This easy-to-track bullish technical signal that might motivate trend-following crypto traders to hit the market with fresh bids, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
Binance's Bitcoin Reserves Are Overcollateralized: Report; Genesis Developments
Binance released a new report from global financial audit, tax and advisory firm Mazars showing that its customer bitcoin (BTC) reserves are overcollateralized. However, the assessment is not an official audit, according to Francine McKenna, lecturer in financial accounting at The Wharton School at the University of Pennsylvania. Plus, Genesis interim CEO Derar Islim said resolution of his company’s lending unit’s withdrawal freeze is likely to be a matter of “weeks” rather than days. CoinDesk and Genesis share the same parent company.
Wall Street Banks Seen as Unlikely Saviors as Crypto Firms Struggle
Blockchain true believers say the nascent industry represents an existential threat to traditional finance. But now's probably not the time for Wall Street to gobble up ailing crypto firms, analysts say.
Jefferies CEO Expressed Doubts About Sam Bankman-Fried in July
Rich Handler, a restructuring expert, said SBF was "over his head" in trying to rescue crypto outfits.
